Question 23 1 pts Luis has $160,000 in his retirement account at his present company. Because he is assuming a position with another company, Luis is planning to roll over his assets to a new account. Luis also plans to put $4,000/quarter into the new account until his retirement 21 yr from now. If the account earns interest at the rate of 5%/year compounded quarterly, how much will Luis have in his account at the time of his retirement? Please...
17. SAVINGS ACCOUNTS Linda has joined a Christmas Fund Club at her bank. At the end of every month, December through October inclusive, she will make a deposit of $40! in her fund. If the money earns interest at the rate of 2.5%/year compounded monthly, how much will she have in her account on December 1 of the following year? 21. INVESTMENT ANALYSIS Luis has $150,000 in his retirement account at his present company. Because he is assuming a position...
11. [-/0.1 Points] DETAILS TANAPMATHS 4.2.022 MY NOTES PRACTICE ANOTHER Luis has $140,000 in his retirement account at his present company. Because he is assuming a position with another company, Luis is planning to roll over his assets to a new account. Luis also plans to put $3500/quarter into the new account until his retirement 30 yr from now. If the account earns interest at the rate of 7%./year compounded quarterly, how much will Luis have in his account at...
9. Anthony invested a sum of money 4 yr ago in a savings account that has since paid interest at the rate of 7%/year compounded quarterly. His investment is now worth $22,438.81. How much did he originally invest? Please round the answer to the nearest cent. 10. Joe plans to deposit $300 at the end of each month into a bank account for a period of 2 yr, after which he plans to deposit S500 at the end of each month into the same...
Please help me do 2 questions! I can't do that! Thank you. r 6. 0/1 points | Previous Answers TanApMath7 4.2.021 My Notes Ask Your Teacher Luis has丰190,000 in his retirement account at his present company. Because he is assuming a position with another company, Luis is planning to "roll over" his assets to a new account. Luis also plans to put $2000 quarter into the new account until his retirement 30 years from now the new account earns interest...
A small business owner contributes 54,000 at the end of each quarter to a retirement account that earns 6% compounded quarterly (a) How long will be until the account is worth at least $150,000? (Round your answer Up to the nearest quarter.) Quarter (b) Suppose when the account reaches $150,000, the business owner increases the contributions to 16.000 at the end of each quarter what will the total value of the account be after 15 more years? (Round your answer...
A small business owner contributes $4,000 at the end of each quarter to a retirement account that earns 6% compounded quarterly. (a) How long will it be until the account is worth at least $150,000? (Round your answer UP to the nearest quarter.) (b) Suppose when the account reaches $150,000, the business owner increases the contributions to $8,000 at the end of each quarter. What will the total value of the account be after 15 more years? (Round your answer...
A personal account earmarked as a retirement supplement contains $292,400. Suppose $250,000 is used to establish an annuity that earns 6%, compounded quarterly, and pays $5000 at the end of each quarter. How long will it be until the account balane i (Round your answer UP to the nearest quarter.) quarters Need Help? Read It- Talk to a Tutor A personal account earmarked as a retirement supplement contains $292,400. Suppose $250,000 is used to establish an annuity that earns 6%,...
A small business owner contributes $4,000 at the end of each quarter to a retirement account that earns 6% compounded quarterly. (a) How long will it be until the account is worth at least $150,000? (Round your answer UP to the nearest quarter.) _______ quarters (b) Suppose when the account reaches $150,000, the business owner increases the contributions to $8,000 at the end of each quarter. What will the total value of the account be after 15 more years? (Round...
Juan deposits $460 per quarter into his nest egg account. The account earns interest at the APR of 5.7% compounded quarterly. Right after Juan makes his 8th deposit, he loses his job and cannot make any deposits for the next 4 years (16 quarters). Eventually Juan gets another job and again begins making deposits to his account. Since he missed so many deposits while he was out of work, Juan now deposits $540 per quarter. His first $540 deposit comes...